laws and regulation Archives

Nigeria’s FIRS Accuses Binance of Tax Evasion: The Unfolding Legal Battle

The FIRS has accused Binance of a litany of offences, including failure to pay Value-Added Tax (VAT) and Company Income Tax. The situation...

Editorial April 1, 2024

EU’s Crypto Taxation Directive Signals Global Shift in Regulation

The European Union (EU) has adopted a cryptocurrency taxation framework that includes the automatic exchange of information on crypto-assets. The core objective of...

News November 2, 2023

Binance Declared “Illegal” by Nigeria’s SEC

Nigeria's Securities and Exchange Commission (SEC) declared the exchange and its subsidiary, Binance Nigeria Limited, "illegal." The SEC's primary contention is that Binance...

News June 13, 2023

US proposes 30% crypto mining tax

The white house published the Digital Asset Mining Energy (DAME) excise tax, dealing a significant blow to miners in the US. Mining involves...

News May 4, 2023

Africa-focused crypto firm, Paxful, finally closing shop

In 2021, Paxful had a total transaction volume of $3 billion, and Nigeria accounted for $760 million Ray Youssef stated that the...

News April 10, 2023

The modus operandi behind the elusive cryptocurrency mining scams

16 per cent of crypto users have fallen prey to crypto mining scams Cryptocurrency mining scams work by promising investors high returns on...

News March 22, 2023

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